Trend analysis with ADX and oscillator analysis with MACD of the MOEX futures price on USDRUB indicates the position to buy the pair on June, 4 and close the position on June, 8. ADX analysis shows D+ (green) > D- (red) meaning the bullish trend supported by the MACD analysis, where MACD fast (blue) crossed MACD signal (orange) from below.
On June, 8, D+ (green)...
At the moment, the key factor determining the dynamics of the Russian currency is the inflow and outflow of money in Russian bonds. The current rubble appreciation is associated with a new influx of non-residents in GOV Bonds. Wave analysis of Eliot showed that at the moment we are drawing A to ABC (B is of a higher order), which means that the rubble will...
Candle Will go down to the 1st Demand Zone.
DOWN) If the candle crosses the 1st demand zone , the candle goes down to the 2nd demand zone .
UP) If the candle crosses the 1st resistance, the candle will go Up
and if the candle touches the 1st demand zone , the candle will go to the 1st Resistance zone
During breakdown of the first candle. growth is same size of candle. ( TD )
Current candle is big. So we size a little different.
Current = Trend is down
MN = time frame
We have a big candle (First candle (TD))
I'm waiting on daily chart 64.80 (RUB) and after that we have Low trade...
After testing strong support of 63.6, bullish trend is being restored. RUB got strong enough to test 63.6 support because of a set of factors - tax period for Russian companies, good economics reports of Russian Central Bank, as well as S&P drop and sanctions temporary put on hold by US government.
Return to 65.5 resistance.
After previously tracking the reversal (see attached: "Another key reversal in play in USDRUB") finally the break of 65 has come. From a technical standpoint this was important as it unlocked the 62.5 lows.
Russia has been one of the out performers on the currency board so far this year and I continue to see scope for more gains, irrespective of the very near...
o lmk when you think of this analysis
o are the conditions enough evidence
to take a trade if buy signal is developed?
o what other factors can we add to our
analysis to make our conditions more reliable?